Raising Money for Prerecorded Compact Disc , Tape, and Record Reproducing
With these bank loans for prerecorded compact disc , tape, and record reproducing, the SBA guarantees the lender that the loan will be repaid. This prerecorded compact disc , tape, and record reproducing loan for $50,000 was given to an Illinois entrepreneur in 2007.
This small firm knew how to go about getting a business bank loan. Based in South Holland, Illinois, they applied for and were awarded an SBA-guaranteed loan in 2007. The lending bank was Jpmorgan Chase Bank, based in Houston, Texas.
SBA Loan Borrower
COMPANY TYPE: PRERECORDED COMPACT DISC , TAPE, AND RECORD REPRODUCING
SOUTH HOLLAND, IL 60473
SBA Loan Lender
JPMORGAN CHASE BANK
811 RUSK ST., 16TH FL
HOUSTON, TX 77002
The lender provided this SBA small business loan through the U.S. Small Business Administration (SBA) loan program called the SBA Express Loan program. SBA Express loans are typically used for working capital, inventory purchases and equipment financing.
SBA Loan Program Type
This loan was issued under the SBA Fast Track program, which later was renamed the SBA Express loan program.
NAICS Code
334612 - Prerecorded Compact Disc , Tape, and Record Reproducing
Loan Approval Date
9/13/2007
Loan Approval Gross Amount
$50,000
Loan Approval from the SBA
Of the total $50,000 loan amount, the SBA guaranteed $25,000.
More Information on This SBA Loan
The borrower borrowed this money for an existing business. This loan was not for a franchise. At the time of the loan, the company
had only one employee. This SBA loan request did not indicate that the company promised to use the loan proceeds to hire new employees or retain any existing employees.
Next Steps for Getting an SBA Loan
If you need money to start business in South Holland IL, you ought to talk with a local South Holland SBA lender or talk with an out-of-area SBA lender that has previously loaned money to South Holland businesses.
The SBA is an excellent funding resource for business owners who cannot easily find funding through conventional funding sources. Banks like Jpmorgan Chase Bank are ready to help you through the process. Whether you need money to open a store, need money to launch a startup business, or are raising money as working capital for an existing entity, the SBA is there for you.
About This SBA Loan Information:
All SBA loan data displayed above comes from the government's publicly available SBA loan database. Information on this page is provided by the Gaebler.com news organization to inform business owners, aspiring entrepreneurs and others about SBA loan activity. LoanCensus.com does not assist businesses with obtaining SBA loans and was not involved in any way with this transaction. For additional information, see our Loan Information FAQ.
Related Links:
The Friends and Family Network
Small Business Banks in Houston, Texas
Texas SBA 7A Banks